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- Nameless builders have launched a brand new blockchain token customary, DN404.
- The brand new customary will reportedly clear up the problems of the newly in style ERC404 customary.
- In keeping with a staff rep, DN404 handles all of the logic, storage, and permissions however solely exposes an ERC20 interface.
A staff of nameless builders has introduced the launch of a brand new blockchain token customary, DN404. In a put up on X (previously Twitter), the staff’s consultant famous that the novel protocol goals to resolve the essential points arising from the newly in style “ERC404” tokens.
In keeping with the nameless staff consultant, ERC404 built-in functionalities from ERC20 and ERC721. Nonetheless, it harbors problems from features shared between the 2 requirements, exposing the design to essential vulnerabilities. The staff’s rep cited a scenario the place the ERC404 customary differentiates which token path to make use of (ERC20 or ERC721) primarily based on the quantity, noting that protocols can’t know that.
ERC404 was launched on February 2 by the Pandora staff as a token customary that enables NFT fractions to be freely cut up and merged. It additionally allowed customers to execute novel purposes like NFT indexes, tokens with altering provides, and dynamic NFTs.
The DN404 growth staff’s rep defined that its novel token customary solves the recognized drawback by separating the functionalities of the ERC20 and ERC721 requirements into distinct contracts. In keeping with the rep, DN404 handles all of the logic, storage, and permissions however solely exposes an ERC20 interface. He cited the introduction of DN404Mirror, which serves as a passthrough, describing it as an ERC721 interface that “defers all logic to DN404 however emits its personal occasions.”
In keeping with the DN404 growth staff’s rep, they’ve “efficiently returned all the things to the way it must be.” The brand new customary permits the ERC20 and ERC721 to exist and performance as standalone contracts. Nonetheless, that occurs beneath the hood, the place they run on shared 404 rails.
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